Embraer S.A. (NYSE:ERJ - Free Report) - Stock analysts at Zacks Research decreased their Q2 2026 earnings estimates for shares of Embraer in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst R. Department now forecasts that the aerospace company will earn $0.79 per share for the quarter, down from their previous estimate of $0.80. The consensus estimate for Embraer's current full-year earnings is $1.60 per share.
ERJ has been the subject of several other research reports. UBS Group lifted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Bank of America reiterated a "buy" rating and issued a $40.00 target price on shares of Embraer in a report on Tuesday, September 17th. Finally, TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and lifted their target price for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Embraer has a consensus rating of "Moderate Buy" and a consensus price target of $34.86.
Check Out Our Latest Research Report on Embraer
Embraer Trading Down 0.1 %
Shares of Embraer stock traded down $0.05 during mid-day trading on Friday, hitting $34.87. The stock had a trading volume of 1,015,171 shares, compared to its average volume of 1,632,395. The firm has a 50-day moving average of $34.28 and a two-hundred day moving average of $30.09. Embraer has a 12-month low of $13.56 and a 12-month high of $37.30. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6.40 billion, a P/E ratio of 24.21 and a beta of 1.69.
Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The business's revenue for the quarter was up 15.6% on a year-over-year basis.
Hedge Funds Weigh In On Embraer
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERJ. Artemis Investment Management LLP purchased a new stake in shares of Embraer during the 3rd quarter worth $30,358,000. Driehaus Capital Management LLC lifted its position in shares of Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock worth $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Nicholas Investment Partners LP lifted its position in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company's stock worth $13,584,000 after purchasing an additional 426,153 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Embraer during the 1st quarter worth $10,754,000. Finally, Jennison Associates LLC purchased a new stake in Embraer in the first quarter valued at $9,818,000. Hedge funds and other institutional investors own 34.65% of the company's stock.
About Embraer
(
Get Free Report)
Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.
Further Reading
Before you consider Embraer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Embraer wasn't on the list.
While Embraer currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.